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SEE NIFTY CHART AT THE END OF THIS COLUMN. Reading Glossary is highly recommended for better understanding of this Column. Nifty is stuck in the range of 6050-6150. Wait for decisive move in next few days. Investors are safe as long as Nifty is trading above 5930. Breakout bellow that level might create panic in market. [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Market has resumed its Intermediate downtrend. 4850 & 4620 levels are possible on downside for Nifty . Market has given poor weekly closing. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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